WhatsApp Pay service will be launch very soon india, as it is got official approval from NPCI.
Facebook's soon-to-be instant messaging platform WhatsApp is also going to get a payment option to the users soon. The company has now been granted permission by the National Payments Corporation of India (NPCI) to expand its pilot United Payment Interface (UPI) service.
Facebook's soon-to-be instant messaging platform WhatsApp is also going to get a payment option to the users soon. The company has now been granted permission by the National Payments Corporation of India (NPCI) to expand its pilot United Payment Interface (UPI) service. Unique Identity Database Aadhaar and UPI architect Nandan Nilekani say that now WhatsApp can bring payment service for more than 10 million users.
Nilekani gave this information at the IIT Industry Conclave on Friday. WhatsApp Pay, the payment feature of WhatsApp, has been designed to work on UPIs developed by NPCI. With this help, users will be able to transact business transactions and money from their bank accounts on the messaging app itself. It was started as a pilot project by WhatsApp for about 1 million users and was licensed for the project in 2018.
Limit increased from 10 lakh to 1 crore
According to media reports, on Friday, NPCI has increased this limit for WhatsApp from 10 lakh to 10 million users. The report quoted the unnamed source of the RBI as saying. However, no comment has been made by both NPCI and WhatsApp. Currently, the messaging app has been testing its payment service with users for the last one year, which is now in its final stages.
Expected to launch by the end of the year
Let me tell you, the number of WhatsApp users in India is around 400 million. The company's global head, Will Cathcart, said that the company wants that sending money from its platform is as easy as sending messages. Cathcart had said that WhatsApp's peer-to-peer UPI based pay service will be introduced in India by the end of this year for more than 300 million users, especially small and medium businesses (SMBs).
Facebook's soon-to-be instant messaging platform WhatsApp is also going to get a payment option to the users soon. The company has now been granted permission by the National Payments Corporation of India (NPCI) to expand its pilot United Payment Interface (UPI) service.
Facebook's soon-to-be instant messaging platform WhatsApp is also going to get a payment option to the users soon. The company has now been granted permission by the National Payments Corporation of India (NPCI) to expand its pilot United Payment Interface (UPI) service. Unique Identity Database Aadhaar and UPI architect Nandan Nilekani say that now WhatsApp can bring payment service for more than 10 million users.
Nilekani gave this information at the IIT Industry Conclave on Friday. WhatsApp Pay, the payment feature of WhatsApp, has been designed to work on UPIs developed by NPCI. With this help, users will be able to transact business transactions and money from their bank accounts on the messaging app itself. It was started as a pilot project by WhatsApp for about 1 million users and was licensed for the project in 2018.
Limit increased from 10 lakh to 1 crore
According to media reports, on Friday, NPCI has increased this limit for WhatsApp from 10 lakh to 10 million users. The report quoted the unnamed source of the RBI as saying. However, no comment has been made by both NPCI and WhatsApp. Currently, the messaging app has been testing its payment service with users for the last one year, which is now in its final stages.
Expected to launch by the end of the year
Let me tell you, the number of WhatsApp users in India is around 400 million. The company's global head, Will Cathcart, said that the company wants that sending money from its platform is as easy as sending messages. Cathcart had said that WhatsApp's peer-to-peer UPI based pay service will be introduced in India by the end of this year for more than 300 million users, especially small and medium businesses (SMBs).
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